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6350 N FLORIDA AVENUE
About This Property
Currently zoned LDR (Low Density Residential), this property offers a variety of residential possibilities. Whether you're envisioning a custom site-built home, a barndominium, a manufactured or mobile home (subject to Citrus County regulations and permitting), or even a small family compound, this property provides the space to bring your vision to life. With over 4 acres, there's ample room for a detached garage, workshop, barn, gardens, RV and boat parking, and the opportunity to create your own hobby farm with room for animals-all while enjoying the privacy, flexibility, and freedom that acreage living provides.
Perfectly positioned along US-41, this property offers the best of both worlds-peaceful country living with everyday conveniences just minutes away. Enjoy easy access to shopping, dining, medical facilities, golf courses, and the scenic Withlacoochee State Trail. You're also just a short drive from Florida's most coveted natural springs, including Three Sisters Springs, Homosassa Springs, and Rainbow Springs, where you can spend your days kayaking, paddleboarding, boating, swimming, fishing, hiking, or simply enjoying the crystal-clear waters that make Florida's Nature Coast so special.
Opportunities like this are becoming increasingly rare. Whether you're ready to build now or invest in land for the future, this property offers the acreage, location, highway frontage, and lifestyle that buyers have been searching for. Bring your vision, create your dream, and make this exceptional piece of Florida yours.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017